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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (32632)	11/7/1999 9:08:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

Non-Random Walk Down Wall Street nypostonline.com THE STREET'S NEW CENSOR IS NAMED RALPH By Beth Piskora and Jesse Angelo RALPH "Mr. Dow 10,000" Acampora has become an advocate of book-burning. Wall Street's top technical analyst elicited gasps from a luncheon crowd at Prudential Securities' technology conference this week when he recommended that "everybody should go back to their offices, pull that copy of 'A Random Walk Down Wall Street' off your desk - and I know you all have it on your desks - and take it out and burn it." No, Acampora hasn't discovered witchcraft or sorcery or other blasphemous ideas in the Wall Street tome, and he isn't joining the parents who are protesting the Harry Potter books. He just wants Wall Streeters to make room on their desks for a new book that he much prefers: "Non-Random Walk Down Wall Street," just published by two professors at the Wharton School of Business, Andrew Lo and Archie Mackinlay. The new book looks at technical analysis as a bona fide method for stock-picking success. "As a technical analyst, I must applaud the Wharton School for finally recognizing what it is that we technical analysts do," said Acampora.